Criminal Organization Busted for Money Laundering Using OneCoin Cryptocurrency
Sofia, January 19 (BTA) - An international criminal organization involved in money laundering using the OneCoin cryptocurrency was busted in a special police operation, the Specialized Prosecution Office reported Friday. The investigation was conducted based on an international legal assistance request from the German city of Bielefeld.
The Bielefeld prosecuting magistracy has requested that the Bulgarian One Network Services Ltd. company be investigated, including two Bulgarians with German citizenship.
The Bulgarian police has established the location of the servers in Sofia, as well as a number of auxiliary companies, used by the international crime ring.
The offices of One Network Services and 14 other companies were searched. Large quantities of evidence was seized, including servers, while 50 witnesses have been questioned.
OneCoin Ltd. is registered in the UAE and functions through hundreds of affiliated companies across four continents. It introduced payments using OneCoin, similar to the Bitcoin cryptocurrency.
The activities of companies connected to OneCoin Ltd. are currently investigated in England, Ireland, Italy, the US, Canada, Ukraine, Lithuania, Latvia, Estonia, among other countries.